Chapter 17
Waqf (Endowment) 953. Abu Hurairah
narrated that the Messenger of Allah
said, "When a person dies, (the reward of) his deeds stops except for three: "A perpetual Sadaqah (Sadaqah Jariyah), knowledge from which benefit is (continuously) gained, or a pious child who is invoking Allah for him." Related by Muslim.
954. Ibn 'Umar
narrated, "Umar got some land in Khaibar and he went to the Prophet
to consult with him about it. He
said, '0 Messenger of Allah! I got some land in Khaibar more valuable and precious to me than any other properly I ever had.' The Messenger of Allah
said to him, "It you wish you can give the land as endowment (waqf) and give its fruit in charity." So, 'Umar gave it in charity as an endowment (Waqf) on the condition that the land would not be sold, inherited or given away as a gift. Its yield would be given in charity to the poor, relatives, for the emancipation of slaves, for the Cause of Allah (i.e, Jihad), to travelers and guests; and that there would be no harm
if the guardian of the endowment ate from it according to his need but with moderation, and to give a friend food to eat provided he is not storing it (the fruit) for the future (i.e. he should not own any of its benefits).' Agreed upon and the wording is from Muslim.
A version by al-Bukhari has: 'He gave it as Sadaqah that must not be sold (as it is not permitted to sell the waqf) or gifted but its yield must be spent (as Sadaqah)
955. Abu Hurairah
narrated, 'The Messenger of Allah
sent 'Umar
to collect Zakah.... "As for Khalid he has retained his coats of mail and weapons (as endowment) to use them in Allah's Cause!' Agreed Upon.